Introduction: This online exercise on bank vocabulary, looks at and explains the English vocabulary used for both having and using a bank account.

Introduction:
This online exercise on bank vocabulary, looks at and explains the English vocabulary used for both having and using a bank account. It's focused on the vocabulary for using both business or personal bank account to pay for things and to take out money.
To learn both essential bank vocabulary and the different types and names of bank accounts, go to the exercise on 'English bank vocabulary 1: The essentials'.
To see vocabulary used when borrowing money from a bank (e.g. loans), go to the exercise on 'English bank vocabulary 3: Using banks and bank accounts'.
Exercise: Using a bank account
In the following conversation between two friends, Peter explains to Juan vocabulary connected to bank accounts and using them.
From the context, try to guess what the meaning of the words/phrases in bold are. Then do the quiz at the end to check if you are right.
Juan:'Where can you take out or withdraw the money that you have in a bank account from?'
Peter:'Lots of places now. You can go to a branch of the bank and withdraw your money from there.'
Juan:'What does a branch mean?'
Peter:'A branch is the name for the office of a bank which is open for their customers to use. You can also use a machine to withdraw money in your bank account from, which is called a cash machine. And also in some countries you can withdraw money from your bank account at checkouts in some shops/stores when you are buying something. This is called cashback.'
Juan:'And if I want to add or put money into my bank account. Where can I do that?'
Peter:'You can deposit or put money into your bank account, in both branches and in some cash machines.'
Juan:'On a cash machine, can you see your bank account balance? How much money you have in a bank account?'
Peter:'Yes, you can. You can also ask the cashier/bank teller in a branch of the bank to tell you what your balance is too.'